We are pleased to announce that as of January 2016 we will be at the forefront of bringing back Self Cert mortgages to the UK through our new sister site.
Self Cert mortgages are important vehicles for those who are Self Employed and want to get on the property ladder. Without them, those who went in to self employment have often found themselves unable to get a mortgage – we want to reverse that.
We believe that the products were unfairly blamed for the banking crisis, in reality they actually had little or nothing to do with the crash, on this side of the Atlantic anyway. Blatant fraud (often by brokers) and mortgage backed security swaps in which banks lost their common sense were the real reason that the banks crashed. We intend to avoid both of those major factors.
The majority of people on Self Cert mortgages did not default and are up to date on their repayments. We are confident that our own assessment process will reduce fraud as much as humanly possible and well within manageable levels.
Quick Loans Ltd has recently purchased the domain name SelfCert.co.uk – it is from this site we and our partners will slowly look towards proving the concept and viability of bringing back these products to the market on a larger scale. We expect interest to be high from day one, so much so that we don’t expect to meet demand on our own.
We will be in a position to release more details on this in the coming weeks with a launch date of mid January 2016.